Health Expenditure Growth Stalled After ACA Implementation

December 9, 2014 9:06 PM

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As per the recent reports revealed, after the ACA implementation, overall health expenditure growth decelerates. Way back in 2013, the healthcare expenditure reached at $2.9 trillion, which is $9,255/individual. As indicated by new report from the office of the Actuary at the Center for Medicare and Medicaid services (CMS), however health care expenditure rose by 3.6% last year still 1 ½ percent lower than 2012. As per CMS yearly growth rate is perched around 3.6% to 4.1% for most recent five years.

The specialists are stating that this lower growth rate match with the overall economic condition. As indicated by the report reduced private insurance and expenses in medication added in the holdup. From 2012 to 2013 private insurance premium growth dropped 1.2% from 4% to 2.8%. Amid this same peri...